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MI HB4601
Bill
Status
3/25/2021
Primary Sponsor
Abraham Aiyash
Click for details
AI Summary
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Prohibits insurers from establishing automobile insurance rates based on territory (replacing "postal zone"), credit information, credit score, insurance score, or consumer data.
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Removes the previous exception allowing automobile insurance risks to be grouped by territory for rating purposes.
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Clarifies that "personal insurance" excludes automobile insurance, limiting credit-based rating restrictions to non-auto property/casualty policies.
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Specifies that "credit information" excludes non-credit-related information even if contained in a credit report or used to calculate an insurance score.
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Maintains existing permitted rating factors for automobile insurance including driver age, driving experience, vehicle characteristics, miles driven, and accident/violation history through merit rating plans.
Legislative Description
Insurance: no-fault; rates; prohibit rating by territory and credit and consumer information. Amends secs. 2105, 2111, 2151 & 2162 of 1956 PA 218 (MCL 500.2105 et seq.).
Insurance: no-fault
Last Action
Bill Electronically Reproduced 03/25/2021
4/13/2021